Capital City Bank Group (NASDAQ:CCBG) Sees Large Volume Increase – Time to Buy?

Capital City Bank Group, Inc. (NASDAQ:CCBG) saw unusually-strong trading volume on Wednesday . Approximately 22,413 shares traded hands during trading, a decline of 24% from the previous session’s volume of 29,680 shares.The stock last traded at $34.00 and had previously closed at $33.01.

Analyst Upgrades and Downgrades

Several analysts have commented on CCBG shares. Keefe, Bruyette & Woods lifted their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. StockNews.com lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Capital City Bank Group Trading Down 0.6 %

The company has a market capitalization of $576.94 million, a PE ratio of 10.84 and a beta of 0.37. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The business has a fifty day moving average price of $35.76 and a 200 day moving average price of $36.38.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. Analysts expect that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.24 per share. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.84%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 30.77%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CCBG. Wellington Management Group LLP acquired a new position in Capital City Bank Group during the 3rd quarter valued at approximately $5,673,000. American Century Companies Inc. raised its holdings in shares of Capital City Bank Group by 33.2% during the fourth quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider’s stock valued at $7,941,000 after buying an additional 54,059 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its position in Capital City Bank Group by 38.6% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 160,191 shares of the financial services provider’s stock valued at $5,760,000 after acquiring an additional 44,572 shares during the period. JPMorgan Chase & Co. increased its stake in Capital City Bank Group by 80.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock valued at $3,084,000 after buying an additional 38,876 shares during the period. Finally, Axecap Investments LLC bought a new position in Capital City Bank Group during the 1st quarter valued at $883,000. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.